SYME - BULL RUN BEFORE AGM ON THE CARDS??30 May 2024 20:55
Nice little post on LinkedIn from Fintech Investor. Well worth a follow for any genuine SYME investors in here….personally I really can’t see how AZ will want to face Shareholders in person without a much higher SP!
Supply@ME Capital plc (SYME) has announced that its Annual General Meeting (AGM) will be open to shareholders on June 26th in London.
There is speculation that Alessandro Zamboni, company's CEO, has plans to raise the share price, which has recently reached disappointing lows. There has been some recovery today following the announcement of the above and we hope that this positive trend continues with news before the AGM.
In terms of factual developments, Supply@me Capital has signed White Label Deals with BancoBPM the third-largest corporate bank in Italy, and an Italian Neo Bank. These agreements are significant and we expect to hear news about the first transactions soon.
Here are the confirmed facts we have:
1. Supply@me Capital has secured a €135 million deal with an Italian Neo Bank.
2. Banca BPM has signed an agreement to work with Supply@me Capital, with unlimited potential for growth. The final terms have been signed, and the announcement of the first completed transactions is imminent.
3. The company has obtained full sign-off and independent audited accounts, proving that everything is above board. This confirmation is crucial in dispelling any doubts about the company's credibility and can help SYME grow.
Let's delve into more detail about the Neo Bank deal:
- SYME has signed an agreement with an Italian neo banking group to launch an Inventory Monetisation program, valued at up to €135 million.
- The Italian neo banking group will act as the arranger and funder of the senior and junior notes issued by securitization special purpose entities.
- Société Financière Européenne (SFE) will co-invest in the program by subscribing to the junior notes.
- SYME will provide the platform and serve as the inventory servicer for the Stock Companies owned by SFE.
- The program will be implemented in multiple tranches of approximately €35 million each, depending on the speed of inventory turnover for client companies.
- The funding will be used for Inventory Monetisation transactions for Italian client companies in SYME's pipeline.
- The expected returns from the program are in line with the Open Market Inventory Monetisation, generating revenues of approximately 1-3% of the gross value of the inventories monetized.
This deal alone has the potential to help SYME move above breakeven even before the involvement of Banco BPM. Additionally, there are ongoing efforts related to tokenization and the VeChainOfficial partnership in the background.
With other banks & financial institutions observing the success & low-risk nature of the funding model, & businesses spreading the message about debt-free access to cash, SYME can expect increased revenues and growth. The company can earn a maximum o